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In the News: China Tariffs, Seafood Import Monitoring, Ghana VAT

Monday, March 26, 2018
Sandler, Travis & Rosenberg Trade Report

China plans tariffs on $3 billion of U.S. exports

“China’s plans for reciprocal tariffs of $3 billion on products from pork to wine represent a tiny fraction of its U.S. imports. Crucially, the Commerce Ministry said those were in response to Trump’s steel and aluminum tariffs, and said it has a plan to act further on the planned levies on $50 billion worth of Chinese imports that his administration announced Thursday.”

[Bloomberg]

House approves addition of shrimp to Seafood Import Monitoring Program

“SIMP requires traceability information on imported seafood from point of capture to point of first sale in the U.S. in order to thwart illegal, unreported, and unregulated fishing activity.”

[American Shrimp Processors Association]

Ghana suspends import VAT on 64 items

“The import VAT which started on March 1 this year resulted in hikes in taxes paid on some 64 items, like mobile phones, day-old chicks, outboard motors and electrical transformers, tractors for agricultural purposes, solar cells, musical instruments, concretes among others.”

[Joy Online]

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